This time’s different as Asian markets warm up for Fed rate rises
SINGAPORE (Reuters) – Faced once again with the prospect of rate rises in the United States, investors in Asia are no longer selling and running as in the past, choosing instead to stay in markets like India and South Korea, that are relatively shelter…
Searching for growth in Europe, clarity in China
BRUSSELS (Reuters) – The euro zone’s struggle to avoid another recession will take center stage in the coming week in the absence of major U.S. data, as investors mull whether the ECB’s new asset-buying plan is a prelude to even more radical steps.
Swedish business fear return to high-tax past as elections near
STOCKHOLM (Reuters) – For many Swedish businesses and prosperous households, years of falling taxes and reforms that put maids in middle class homes and fed a consumer boom in luxury cars and holidays in Asia may be drawing to a close.
GE oil business seeks to outpace market, improve margins
NEW YORK (Reuters) – General Electric Co’s fast-growing oil and gas business that supplies equipment and services is improving profit margins and is well-placed to outpace industry growth over the next several years, a top unit executive said in an int…
Plosser, Fed’s lone dissenter, warns again on risks of waiting to hike U.S. rates
AMELIA ISLAND Fla. (Reuters) – Philadelphia Federal Reserve Bank President Charles Plosser, the loan dissenter at the Fed’s July policy meeting, on Saturday continued his push for the U.S. central bank to change its language on monetary policy to refle…
Leveraged ETFs, lovers of market waves, lose favor amid the calm
NEW YORK (Reuters) – Leveraged exchange-traded funds, designed to magnify short-term returns, have fallen out of favor this year as investors who had embraced them are finding costs excessive in a calm market that is not rewarding bets on wild daily sw…
BP ruling raises liability stakes for high-risk industries
NEW YORK (Reuters) – A U.S. court ruling that dramatically ramped up BP Plc’s potential penalties for the 2010 Gulf oil spill could create new liability risks not just for deep water drillers but also for other industries like mining and nuclear power …
In Herbalife’s nutrition clubs, Ackman’s attacks fail to resonate
(Reuters) – New York hedge fund manager William Ackman says Herbalife is a pyramid scheme that exploits the poor. He has taken a $1 billion bet against the company’s stock and spent millions on research to attack the nutritional supplements seller, including making a video showing former distributors who claim they were deceived and lost money trying to sell its products.
Alibaba seeks to raise more than $21 billion in record U.S. tech IPO
NEW YORK (Reuters) – Alibaba Group Holding Ltd [IPO-BABA.N] seeks to raise more than $21 billion in an IPO that will value the Chinese e-commerce giant at up to $163 billion and rank as the largest-ever technology debut in the United States.
Most Wall Street firms see U.S. rate hike in second quarter 2015: Reuters poll
NEW YORK (Reuters) – A majority of Wall Street’s top bond firms see the Federal Reserve starting to raise interest rates by the second quarter of next year, showing slightly more aggressive expectations compared with a month ago, a Reuters survey showe…
